PALO ALTO, Calif., June 2, 2023 — We are excited to announce that Ken Deeter and Maria Shen have been promoted to General Partners at Electric Capital. All of Electric Capital’s Partners are engineers.

We believe the next generation of iconic venture firms will be led by software engineers because capital markets will be crypto-enabled. As value becomes digital, new technologies to transfer and aggregate that value naturally emerged: DeFi has over $50B capital in smart contracts. NFT trading volume is $12B+ annualized. There are over $120B in stablecoins on chain. Crypto demonstrates the potential for on-chain, 24/7, global capital markets.

Engineering capability and technical contributions are essential to helping founders succeed on these new open platforms. VCs will need expertise in areas such as liquidity provisioning, governance, code security, designing novel token mechanisms, and more.

We are excited to welcome Ken and Maria as General Partners who exemplify our philosophy.

Ken Deeter is an engineer who leads our DeFi investments.

Ken invests in novel DeFi mechanisms such as Frax, a new approach to stablecoins and liquid staking derivatives, Hashflow, an on-chain settled RFQ-based trading system supported by the largest crypto market makers, Hourglass, the first protocol to create a market for time-locked digital assets, Tokemak, the first “liquidity gun” in DeFi, and many more.

When DeFi emerged in 2018, Ken created the term Guarded Launch, a process to de-risk DeFi launches. Ken used his experience writing software for 3 billion people at Facebook to introduce a concept of a “roll out” for DeFi protocols to protect users without slowing development.

Ken also leads our liquidity provisioning and governance participation efforts. Today, we have hundreds of millions of dollars participating actively on-chain. Capital deployment at this scale has required us to build custom monitoring and management systems that can keep pace with the ecosystem’s break-neck speed of innovation.

Ken has over 20 years of experience leading teams and building products including at VMware and Facebook. He was an early engineer at VMware, writing code for the desktop product suite used by developers and IT managers across the majority of Fortune 500 companies. At Facebook, he was an early contributor to the Newsfeed team, and helped to build the Events product used by over a billion people on a monthly basis.

Maria is an engineer who leads our NFT investments.

Only a handful of women in the world are General Partners at crypto funds with more than $1 billion in assets. Maria is one of them.

Maria invests in NFT companies and protocols that push the boundaries of what is possible with NFTs as infrastructure, like RabbitHole, the most efficient way to give token rewards to high quality users on chain, Atrium, the auction house for exceptional artists to earn through commissions and create productions such as the Nouns Movie, and Curta, a capture-the-flag protocol where the best engineers create and solve on-chain puzzles to earn NFTs.

Maria was one of the first to write in-depth about NFT use cases in early 2021 when NFTs were not well understood. Since then, many use cases she outlined have become reality and sophisticated financial systems are increasingly built on top of NFTs. Maria heads experimentation across the NFT space to provide liquidity to burgeoning NFT asset markets and participate in community governance.

Outside of investing, Maria created and publishes our annual Developer Report. The Developer Report is a public good and the industry standard for understanding developer adoption since 2019. It analyzes more than 200 million code commits, 500k repositories including deep dives in Bitcoin, Ethereum, and DeFi to index developer activity across the entire crypto sector. Every year, the Developer Report receives coverage from Bloomberg, Coindesk, Decrypt, Forbes, Techcrunch, and many others. The Developer Report also powers insights that regulators use to understand crypto adoption. Maria wrote the code for the data analysis layer that generates these insights every year.

Maria is a former founder and worked on search technology at Microsoft that shipped to more than 1 billion devices.

Electric Capital is built differently – by necessity.

The process of raising capital, identifying opportunities, and deploying capital is increasingly moving on chain. Soon, venture investing will happen primarily on-chain. In the on-chain world, capital deployment is not just software-enabled, it is only possible with software.

In order to invest in a future where money is software, we must build software to deploy capital, participate in governance, and assess the quality of code both on- and off-chain. We demonstrate our commitment to this approach by also building in public alongside the ecosystem. Our engineers build systems that help builders advance crypto like the Developer Report, an index of open source developers in crypto, Codeslaw, a search engine for smart contracts made for developers, and open source tools to audit and inspect the blockchain.

If you are an engineer or have a technical background, we welcome you to apply to our open positions.

About Electric Capital
Electric Capital is one of the largest global venture capital firms focused on investing in early-stage crypto companies and protocols. Founded in 2018 by successful entrepreneurs, Electric Capital believes all capital markets will be crypto-enabled. Electric believes the next generation of iconic venture firms will be led by software engineers who have the technical depth to invest in a financial system run by code. With a team of over 60% engineers, Electric applies their experience in distributed systems, cryptography, and machine learning to each stage of the investment process. Electric invests in layer 1s, decentralized finance, NFTs, developer tooling, infrastructure, crypto-enabled fintech, privacy solutions, and marketplaces.

CONTACT: Priscilla Reed, [email protected]

SOURCE Electric Capital

PHOENIX, June 1, 2023 — Trinity Capital Inc. (NASDAQ: TRIN) (“Trinity” or the “Company”), a leading provider of diversified financial solutions to growth-stage companies, today announced the commitment of $30 million in growth capital to support Revelle’s efforts in developing aesthetic solutions that deliver meaningful results for women and reliable outcomes for practitioners.

Revelle has gained recognition in the market with its FDA-cleared device, Avéli, which is indicated for long-term reduction in the appearance of cellulite as supported by clinical data demonstrating treatment benefits through one year of observation. This technology is well positioned to enhance the way women address their aesthetic concerns surrounding cellulite.

Rob Lake, Senior Managing Director, Life Sciences of Trinity, said, “We are excited to be partnering with Revelle, an innovator in the MedTech industry. Their disruptive approach, coupled with the support of Trinity, will drive the development of groundbreaking technologies that address women’s aesthetic concerns in an entirely new manner.”

Through this investment, Revelle aims to bolster the growth and expansion of its operations, enabling them to further penetrate the market. The infusion of capital will aid in driving sales and support marketing initiatives to reach a wider customer base and expand production capabilities.

“This partnership with Trinity marks a significant milestone in our journey,” said Caroline Van Hove, President and CEO of Revelle Aesthetics. “Their support and expertise will accelerate our growth trajectory, allowing us to bring our innovative solution to a wider audience. With this infusion of capital, we will continue pushing boundaries and advancing our mission to empower women by providing them with safe, effective, and long-lasting aesthetic solutions.”

The market potential for women’s aesthetic solutions is large and growing. With increasing demand for effective treatments, Revelle is strategically positioned to capture a significant share of this market.

About Trinity Capital Inc.

Trinity Capital Inc. (Nasdaq: TRIN and TRINL), an internally managed business development company, is a leading provider of diversified financial solutions to growth-stage companies with institutional equity investors. Trinity Capital’s investment objective is to generate current income and, to a lesser extent, capital appreciation through investments, including term loans and equipment financings and equity-related investments. Trinity Capital believes it is one of only a select group of specialty lenders that has the depth of knowledge, experience and track record in lending to growth stage companies. For more information, please visit the Company’s website at www.trinitycap.com.

Forward-Looking Statements

Statements included herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in the Company’s filings with the Securities and Exchange Commission. Trinity undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

SOURCE Trinity Capital Inc.

GREENSBORO, N.C., June 1, 2023 — Fuse Oncology, an oncology software solutions company, announces that it has officially closed an oversubscribed Series A. Among the largest contributors were Cone Health Ventures, of Greensboro, N.C., and Northeast Georgia Health Ventures (NGHV), of Gainesville, Ga. Building on its established business traction, Fuse Oncology will use the investments to accelerate expansion of its first commercial product, S!GNAL, and develop additional solutions in the radiation oncology market.

“As we continue to expand our reach throughout 2023, we are grateful for the interest and enthusiasm of investors who understand the significant impact of our product and our potential to thrive in the market,” says James Bauler, chief executive officer of Fuse Oncology. “These key strategic partners trust in our clinician-built technology that will make rad onc departments more efficient, supporting substantial growth in volumes and revenues.”

Fuse Oncology, which spun out of Cone Health and signed its first revenues in quarter one of 2022, addresses key challenges that face radiation oncology departments for a more efficient revenue cycle by automatically identifying and tracking missing documentation, incomplete tasks and orders, and wrong charges entered.

“Fuse has made phenomenal progress in establishing a foothold in the radiation oncology market, so we are confident in leading the funding round to support the company’s growth and help expand the reach of its solutions in additional clinics nationwide,” says John Miller, chief investment officer at Cone Health.

Fuse Oncology’s S!GNAL technology catches issues before they materialize to drastically improve revenue cycle and clinical staff workflows. By minimizing mistakes in the coding and documentation process, it has uncovered substantial lost revenues for providers. Additional solutions from Fuse address challenges in the patient engagement cycle to reduce average time to treatment.

Stuart Burri, MD, chairman of radiation oncology of the Levine Cancer Institute, president of Southeast Radiation Oncology Group (SERO), and an early investor, continues to support Fuse Oncology and its advancement.

“Fuse’s rapid expansion in local radiation oncology centers has changed the way we’re thinking about the business,” Dr. Burri says. “It’s exciting to reimagine a seamless workflow and data experience between radiation oncology departments and the health systems, including across various vendor platforms.”

About Fuse Oncology: Fuse Oncology delivers SaaS solutions that break down healthcare workflow and data silos to create a seamless experience for clinicians in radiation oncology. By placing the broader electronic medical record system at the center of the architecture, Fuse eliminates duplicative and inefficient effort to enable a future where oncology care moves at the speed of patients.

SOURCE Fuse Oncology, Inc.

• Funding marks company’s debut to support the development of privacy-focused blockchain infrastructure and innovation
• Leo Wallet is the first to allow interactions with programmable zero-knowledge blockchains from a user’s browser

SAN FRANCISCO, June 1, 2023 — Demox Labs, a pioneer in the creation of zero-knowledge technology, today announced it has raised a $4.5 million pre-seed funding round and debuted Leo Wallet, a first-of-its-kind privacy-focused cryptocurrency wallet for use with the Aleo blockchain. The funding round was led by HackVC with participation from DCVC, Amplify Partners, Coinbase Ventures, CRV, OpenSea, and CSquared. The funding will be used to support the creation of zero-knowledge blockchain infrastructure for enterprises, deploy privacy-based frameworks for innovative developers, and advance Leo Wallet’s privacy technology and interoperability with other blockchains.

Zero-knowledge proofs (ZKP) allow a piece of information to be verified as true without revealing the information itself through the use of complex encryption. The applications of this technology include digital identity protection, privacy-preserving transactions, shielded transactions, global compliance, and ownership verification.

“Personal privacy and sovereignty are cornerstones to any democracy. Today, citizens across the world are losing their privacy in order to comply with necessary laws and regulations. Moreover, modern technologies require personalization but this personalization has come with the cost of sacrificing personal privacy. Leo Wallet is just one example of how ZKP will empower individuals to use modern technologies and maintain legal and regulatory compliance without sacrificing personal privacy,” said Barron Caster, CEO and co-founder of Demox Labs. “We’re eager to bring this much-needed level of privacy to blockchain infrastructure, starting with Leo Wallet. Sharing sensitive data will soon become an option, not a requirement, and businesses in highly regulated industries will be able to innovate while maintaining the privacy of their customers.”

Leo Wallet was built from the ground up for zero-knowledge blockchains and had more than 40,000 customers signed up on the waitlist when it was made available for download and use on the Aleo blockchain. Users now have the ability to generate ZKPs directly in their browsers which guarantees complete confidentiality and empowers developers to create innovative, privacy-first programs.

The $4.5 million funding round will be used to further Demox Labs’ mission to increase control and protection of sensitive information through the use of ZKPs. This includes the support of Leo Wallet and its compatibility with other privacy-focused blockchains, creating new privacy frameworks for developers, and supporting the development of zero-knowledge technology for enterprises. A portion of the round was funded by notable investors in the crypto and blockchain industries including Santiago Santos, Sriram Krishnan, Ryan Selkis, OpenSea, Space Whale, and venture decentralized autonomous organizations (DAOs): HoneyDAO and AngelDAO.

“The introduction of blockchain technology and popular cryptocurrencies ushered in a new era of financial independence and now ZKP-based technology and infrastructure will push consumers and companies into a new era of information privacy. The technology being developed today by Demox Labs makes them one of the first to recognize the importance of privacy and act on the capabilities of ZKP for both the public and enterprises.” said Ed Roman, managing director of HackVC. “As the need for protection and privacy in the digital era increases, ZKPs will become a more significant technology across many domains. Our investment will enable Demox Labs’ continued growth as a leader in privacy-preserving blockchain technology development and infrastructure.”

Demox Labs’ work to expand ZKP infrastructure and the Leo Wallet unlocks access to an unmatched level of privacy for users of this emerging technology. By improving privacy and security, ZKP technology will increase trust between individuals and institutions which can unlock new levels of economic activity. Leo Wallet was created to initially integrate with Aleo Blockchain, which plans to launch its mainnet later this year. Demox Labs plans to scale Leo Wallet over the coming months for use with other zero-knowledge blockchains.

Download and use Leo Wallet today by visiting www.leo.app, and get in touch with Demox Labs by visiting www.demoxlabs.xyz.

Developers building decentralized applications for Aleo can find the Leo Wallet adapter code on Demox Labs’ Github.

About Demox Labs
Demox Labs is pioneering the use of zero-knowledge proofs to preserve user privacy and increase the adoption of zero-knowledge blockchain technology among individuals and enterprises. Founded in 2022 and headquartered in San Francisco, the company provides solutions for developers to create innovative products for zero-knowledge blockchains and launched its first public product, Leo Wallet, in the spring of 2023. Demox Labs raised a $4.5 million pre-seed round of funding in May of 2023, led by HackVC with participation from DCVC, Amplify Partners, Coinbase Ventures, CRV, OpenSea, and CSquared. To stay up to date with the latest developments from Demox Labs and Leo Wallet, follow @DemoxLabs and @theLeoWallet.

Media Contact
BAM for Demox Labs
[email protected]

SOURCE Demox Labs

RedBird Capital Partners Led Round To Support Red 6’s Continued Growth

ORLANDO, Fla., June 1, 2023 — Red 6, a revolutionary Augmented Reality (AR) technology firm at the forefront of synthetic air combat training and augmented reality applications for the entertainment industry, today announced the completion of a $70 million Series B financing. The new capital will enable Red 6 to continue to invest in the proprietary technology that supports its Advanced Tactical Augmented Reality System (ATARS). ATARS is a multi-node, all-domain AR system that delivers a complete outdoor synthetic training environment for multiple users. The technology allows pilots to experience the cognitive loads of physically flying airplanes while capturing the value of synthetics by enabling them to enter realistic, scalable, simulated training in the most dynamic of outdoor environments.

“Red 6 started as a dream to transform training for the courageous men and women that serve and defend our nation. Now, Red 6 has grown into an established business that continues to revolutionize and modernize training by offering innovative technology and services,” said Daniel Robinson, Founder and CEO of Red 6.

The round was led by RedBird Capital Partners, a private investment firm with extensive experience investing in the media & entertainment, sports, and experiential consumer ecosystems. The financing round also included existing and new investors, including Alpha Edison, Boeing’s AEI Horizon X Fund, Lockheed Ventures, Accelerator Investments LLC through the Disney Accelerator program, Washington Harbour Partners, M-Cor Holdings, the UK’s National Security Strategic Investment Fund, Moonshots Capital, Irongate, State of Florida Opportunity Fund, Alumni Ventures, Alliance Holdings, Alcazar Capital, and Robert Downey Jr.’s, Downey Labs.

Julia Wittlin, Partner at RedBird Capital leading the firm’s early-stage growth investing, added, “Daniel and the Red 6 team are leveraging the power of modern technology to develop dual-use applications that enhance training practices used by institutions like the US Department of Defense, while also blending the digital and physical world in outdoor entertainment venues and similar use cases. Given RedBird’s experience working with innovative companies within both the aviation services and entertainment industries, our investment is designed to provide strategic capital, as well as operational guidance to help Red 6 scale and make a tangible impact on the future of the sector.”

Robinson and the Red 6 team are focused on delivering a synthetic training environment that will provide real life, near-peer threat training that enhances cognitive skills and learning. Until now, this has not existed. ATARS will directly address the U.S. and allied military’s pilot shortage, and the overextension of resources critical to preparing our armed services in a quicker, cheaper, safer, and cleaner way.

“I firmly believe that to revolutionize the defense industrial base in our country, there is an increasing interdependence between the Department of Defense, the entrepreneur, and private capital. I am delighted that sophisticated, experienced investors, such as RedBird, have taken the time to understand and align with our long-term vision,” concluded Robinson.

About Red 6
Red 6, founded in 2018, is the creator of Advanced Tactical Augmented Reality System (ATARS), and Augmented Reality Command and Analytic Data Environment (ARCADE). Red 6 systems are the first wide field-of-view, full color demonstrably proven outdoor augmented reality solution that operates in dynamic outdoor environments. Together, they bring virtual and constructive assets into the real-world by allowing pilots and ground operators to see synthetic threats in real-time, outdoors, and critically, in high-speed environments. 

About RedBird Capital Partners
RedBird Capital Partners is a private investment firm that builds high-growth companies and provides strategic capital solutions to founders and entrepreneurs. Founded in 2014 by Gerry Cardinale, RedBird integrates sophisticated private equity investing with a hands-on business building mandate that focuses on three core industry verticals– Media & Entertainment, Sports and Experiential Consumer, and Financial Services. Throughout his 30-year investment career, Cardinale has partnered with founders and entrepreneurs to build some of the most iconic growth companies in their respective industries. The firm currently manages over $8.6 billion in assets on behalf of a global group of blue chip institutional and family office investors. For more information, please go to www.redbirdcap.com.

SOURCE Red Six Aerospace, Inc

DOVER, Del., June 1, 2023 — Loro Insurtech Inc., the provider of no-code insurance technology solutions, is delighted to announce the successful completion of its seed funding round, raising $750,000. The investment was led by prominent insurtech investor Markd, recognizing Loro’s potential as the premier platform for no-code insurance solutions.

Loro Insurtech has been disrupting the insurance industry by empowering businesses with its no-code technology. With Loro’s platform, insurers or MGAs can quickly create, customize, and deploy insurance products without any upfront investment. Additionally, Loro’s solution is completely free for the first $100,000 GWP every year, providing unmatched accessibility and affordability.

The investment from Markd and other key industry figures will fuel Loro’s continued growth and enable the company to enhance its solution further. The funds will be used to expand the team, accelerate product innovation, and drive adoption among insurers seeking a seamless and cost-effective solution.

Parker Beauchamp of Markd shared, “I love the Loro team: The founders are kind, hard-working, and generous with relevant experience and, most importantly, a great network. Don’t take my word for it; Ask their customers.”

Investor Christian Kanu, Chief Executive Officer at Generali Global Corporate & Commercial stated, “I decided to invest in Loro because its solutions are really innovative since they are easy to implement, scalable and with gradual pricing. This is exactly the opposite of what most of Loro’s competitors are offering in the market.”

“We are thrilled to partner with Markd as our lead investor along with key figures from the industry,” said Peter Tilbrook, CEO of Loro. “Their support validates our vision of revolutionizing the way insurance software is implemented and used. With Loro, insurers can create and manage tailored insurance products, supercharge their distribution, and gain significant competitive advantage.”

Loro’s dedication to simplifying insurance processes and eliminating barriers to entry has gained significant traction in the market. This latest funding round positions the company to expand its market presence and build on its user base across four continents.

About Loro Insurtech Inc.
Loro is a no-code, multilingual, immediate solution designed to digitalize insurance, built for any insurance product, anywhere in the world. Users maintain full underwriting control and have unlimited distribution opportunities. Loro is the only free insurtech solution with no minimum commitment.

About Markd
Markd is a venture capital company focused on funding and partnering with transformative insurtechs. It pays homage to the insurance industry’s legacy while helping design its future. Markd’s mission is to power substantial work and continually inspire more ideas to prevent hurt and loss.

SOURCE Loro Insurtech Inc.

Global travelers are stepping into the future of customer experience with strategic investments by Aeroporti di Roma’s new International Venture Fund

ROME, June 1, 2023 — Today, ADR Ventures the new Corporate Venture Capital arm of Aeroporti di Roma (ADR), recently awarded five-star airport rating, announces its initial venture investment with Ottonomy (www.ottonomy.io), a leading USA deep tech startup providing contactless deliveries using fully autonomous robots. After a successful proof of concept (PoC) established during the accelerator program in the Innovation Hub in Fiumicino airport, the autonomous delivery project became part of ADR’s long-term strategy aimed at maintaining the highest levels of service and enhancing passengers’ experience using cutting edge technology and innovation.

“Our first investment is an additional step towards building the airport of the future, which will be more autonomous and passenger-centric. These are two characteristics that we have found in Ottonomy, both in terms of their team and technology. We are looking forward to a great future together. We believe that this partnership will open new opportunities in the industry and help transform the traveler experience in airports worldwide,” says Emanuele Calà, President and CEO of ADR Ventures.

Rome Airports partnered with leading corporate and strategic partners first of which, Plug & Play Tech Center in the development of “Runway to the Future,” a program set in ADR’s Innovation Hub, which is the first industrial accelerator inside an airport with senior mentorships of ADR’s Innovation Cabin Crew.

The Open Innovation Program of Aeroporti di Roma, called “Runway to the Future,” focuses on selecting international startups and aiming at a joint development for up to 8 months within the Innovation Hub directly located at Fiumicino airport; giving startups the chance to develop a PoC inside the airport and unlock a full roll-out solution.

While ADR Ventures aims to offer further support to startups, investing in their ideas developed within the Fiumicino Innovation Hub not only in economic terms, but also in terms of know-how and skills, fostering the development and growth of new companies and entrepreneurs to accompany the digital transformation in the industry.

Ottonomy took part in the Hub’s acceleration programme “Runway to the Future” in September 2022 and offered added convenience to travelers via autonomous delivery. Air passengers can purchase retail items and get them delivered right up to the gate in a digital and completely frictionless experience.

During the PoC, Ottonomy reached the following KPIs at Fiumicino International Airport:

• More than 150 km traveled in terminals by Ottobots
• Zero accidents at the airport
• More than 300 clients used the service
• Three minutes delivery time on average

“We are honored to continue to work with ADR Ventures and the Innovation Hub to further the impact and convenience in the airport environment using technology,” says Ritukar Vijay, CEO of Ottonomy. “ADR is truly committed to being a leader in innovation and bringing excellence and new experience to its customers. The partnership and a multiyear contract with ADR is at the forefront of the future of the travel experience for customers all over the world.”

To support the growth of the start-ups operating inside the Innovation Hub an investment arm, ADR Ventures, was created. This is the first initiative of its kind in the air transport sector in Italy aimed at financing the development of projects in areas with an elevated innovation potential; in synergy with the airport’s operational and strategic needs. ADR Ventures operates as an engine for the development of youth entrepreneurship, ensuring support for the most virtuous and prospective start-ups, accompanying them in the integration with the business and in the management of investment processes, accelerating the process of the business growth and the commercialisation of the innovative solution devised.

Ottonomy joined the ADR innovation team during Plug and Play’s Travel & Hospitality & Smart Cities EXPO Day in Vienna to discuss the recent launch of ADR Ventures, as well as how innovation and cutting edge technologies are redefining the passenger experience. Besides that, ADR and Ottonomy will showcase the Ottobot case.

During the expo, Aeroporti di Roma was awarded – for the second year in a row- the Corporate Innovation Award for its investment in identifying innovative solutions and supporting the growth of the start-ups operating inside its Innovation Hub that are transforming the aviation industry for a better future.

About ADR

Aeroporti di Roma, a Mundys Group company, manages and develops Rome Fiumicino and Ciampino airports and carries out other activities related and complementary to airport management. Fiumicino, the first and only airport in Italy with a Skytrax rating of 5 stars for excellent standards in service quality, has two passenger terminals and is dedicated to business and leisure customers on domestic, international and intercontinental routes; Ciampino is mainly used by low-cost airlines, express-couriers and General Aviation activities. In the last five years Aeroporti di Roma has received numerous awards, recognitions and quality certificates including the Airport Service Quality Award, ACI Europe Best Airport Award, ACI Europe Digital Transformation award, ACI’s “Director General’s Roll of Excellence, as well as ACI’s Airport Health Accreditation and Biosafety Trust Certification. In 2022 and 2023 Plug and Play’s Tech Center, the largest private investment fund in Silicon Valley, awarded ADR the “Corporate Innovation Award” for its commitment to promoting open innovation initiatives and building an innovative “airport of the future.”
www.adr.it 

About ADR Ventures

ADR Ventures, is the Corporate Venture Capital backed by Aeroporti di Roma to finance innovative solutions in the Aviation, Travel & Hospitality industry. The Corporate Venture Capital fund follows the launch of the startup accelerator at Fiumicino, to engage high-potential startups, provide them with support and invest in the projects with the greatest potential. ADR Ventures aims to offer further support to startups, investing in their ideas developed within the Fiumicino Innovation Hub not only in economic terms, but also in terms of know-how and skills, fostering the development and growth of new companies and entrepreneurs. 
www.adrventures.it 

About Ottonomy

Ottonomy.IO is a deep tech startup, providing hyperlocal deliveries using fully autonomous robots called Ottobots. Ottobots help navigate the labor shortages to enable less staff to do more. Ottobots are the first autonomous delivery robots in airports starting with its operations in Cincinnati International Airport (CVG) and it maintains to be the first in Europe providing airport deliveries at Rome Fiumicino International Airport (FCO). Ottonomy has claimed its spot in #RBR50 Top 50 Robotics companies in the world for 2021 and 2023 by Robotics Business Review, it has also won the Sustainability Product of the Year Award by the Business Intelligence Group and best mobility startup by Plug and Play, Sunnyvale Mobility Cohort.

Media Contact
Jasmine Stanley
949-264-3211
[email protected] 

SOURCE Ottonomy

Company emerges from stealth and announces the closing of its first institutional funding round to fulfill growing demand from rapidly increasing customer base

SAN MATEO, Calif., June 1, 2023 — Beehive AI, the world’s first specialized AI platform dedicated to analyzing unstructured customer data, emerged from stealth today and announced an oversubscribed $5.1M seed round. Since 2016, the AI platform has been in stealth development with models trained on proprietary unstructured data provided by many of the largest enterprise firms in the world. With this data, Beehive AI has developed a platform that allows enterprises to analyze, segment, and take action on insights unlocked by their unstructured data.

The oversubscribed round was led by Valley Capital Partners, a leading boutique firm specializing in leading Seed and Series A investments into technology companies building enterprise-focused solutions. The round was filled out by notable later stage strategic partners representing some of the largest brands and firms in the world using the platform. In addition, the company announced the appointment of Mitchell Kokko, General Partner at Valley Capital Partners, to its Board of Directors.

Today, companies infer consumer desires from indirect, low-fidelity signals such as click tracking and behavior analysis or open-ended responses that are analyzed by generic large language models that lack the specificity of the business context. Rather than proactively addressing consumer needs, companies mostly react to consumers’ past actions. Beehive AI has created a breakthrough technology that offers an end-to-end, customizable AI platform for consumer research that delivers unprecedented accuracy, relevance, and scale. By analyzing qualitative, open-ended data using contextual language models trained on enterprise-specific data, Beehive AI enables enterprises to adopt a forward-looking approach and understand what drives individual consumers’ behavior.

“The future of consumer research will combine both worlds: the scale and speed of a mass market survey with the specificity and richness of a conversation with an individual consumer. Beehive AI combines these two perfectly,” said Prof. Jonathan Levav, Professor of Marketing at Stanford GSB and an advisor to the company.

Beehive AI’s platform seamlessly operates across languages, countries, and cultures. To date, it has trained over 10,000 specialized AI models in more than 30 languages and processed data from over 20 countries. The platform allows customers to upload their own existing data collected on any platform (e.g, Qualtrics, Medallia, Survey Monkey, and others) or launch AI-designed questionnaires that ask open-ended questions designed to elicit rich and nuanced feedback from customers. It then performs tailored analysis of the data and allows clients to use intuitive programmable dashboards to explore insights.

“Recently, large language models like GPT-4 have made tremendous progress. Beehive AI takes this progress to the next level by tuning generalized AI to specialized domain models trained for unique sets of data and outcomes,” said Shai Deljo, CEO of Beehive AI. “The quality and specificity of these custom models are unparalleled, allowing enterprises to extract rich, relevant insights from even the most complex unstructured data.”

“Generative AI is a subject of intense conversation across Silicon Valley, and at Valley Capital Partners we have invested in and evaluated a large number of incredible founders building in the space. As we spent more and more time with the Beehive AI team, it has become abundantly clear how advanced the Beehive AI platform is compared to anything else in the market,” said Mitchell Kokko, General Partner at Valley Capital Partners. “From the size and scale of their development partners to the inbound interest from new customers everywhere via word-of-mouth referrals, Beehive AI is likely the single best-specialized AI company on the market today. We are very fortunate to have been selected to be their partner as they emerge from stealth and are excited to bring many of our late stage partners to help accelerate their growth.”

Used by some of the most iconic brands in the world, the company announced the closing of a new financing round to support rapid growth. 

About Beehive AI

Beehive AI is an end-to-end, customizable enterprise AI platform for consumer research of unprecedented accuracy, relevance, and scale. By analyzing unstructured, open-ended data, combined with quantitative data, Beehive AI helps major global enterprises extract new insights that can help them better understand and serve their customers.

Contact: [email protected]

SOURCE Beehive AI, Inc.

The Gen Z-Favorite Brand Raises Funds To Expand New Ready To Drink Cold Brew Lattes Line and National Retail Presence

LOS ANGELES, June 1, 2023 — Chamberlain Coffee, the brainchild of YouTube phenomenon Emma Chamberlain, announced today a $7M fundraise. Since its inception, the brand has grown to touch multiple product categories, including their latest and most innovative launch in the Ready To Drink (RTD) space. This fundraise will not only further their innovation efforts, helping them expand within the RTD category, but allow them to meet customers wherever they are with plans for national retail expansion.

Following a successful Series A announcement in August of 2022, Chamberlain Coffee has continued their hold on the coffee market. Providing high quality products with fun and unique spins, like their range of flavored coffee and tea offerings, the brand has found success with each new launch. From the release of flavored matcha and Chai to the brand’s first ever Coffee Pods, Chamberlain Coffee has proven they are in touch with consumer demands and is finding ways to consistently deliver.  

“Growth and innovation is at the core of everything we do and this fundraise will allow us to continue creating new products and grow our brand awareness. We’re extremely grateful to our returning investors for continuing to believe in the brand and the new ones who are coming on board, sharing in our vision for this next chapter at Chamberlain Coffee” said Chamberlain Coffee CEO Christopher Gallant.

The funding round is led by key existing investors including venture builder Blazar Capital, founder and investor Emma Chamberlain, and United Talent Agency. These previous investors are now joined by growth equity firm Volition Capital who has backed countless brands with cult followings, Electric Feel Ventures, next-generation beverage accelerator L.A. Libations and Noah Bremen, founder of PLTFRM.

“Creating a uniquely inviting coffee brand has been my dream for so long now, and having key investors back us allows us to build Chamberlain Coffee in ways that feel fresh and exciting. There are so many products I am eager to develop and projects I’m excited to get working on. With such an incredible team and group of investors I am more excited than ever to see what the future holds for Chamberlain Coffee.” said Chamberlain Coffee founder and investor Emma Chamberlain.

Chamberlain Coffee is available on ChamberlainCoffee.com, Amazon.com and at select retailers. For more information on Chamberlain Coffee, and to stay up to date on the latest product launches, follow on Instagram at @chamberlaincoffee.

ABOUT CHAMBERLAIN COFFEE
Founded by YouTube phenomenon Emma Chamberlain, Chamberlain Coffee is high-quality, sustainably sourced organic coffee roasted in California, so you can feel good about the coffee you’re sipping on. No pesticides, no BS. Available in cold brew singles, instant sticks, coffee pods, ground and whole bean options, Chamberlain Coffee is symbolized by different characters to encapsulate the different coffee drinker in all of us. The brand also has various other delicious offerings, including their 5x sold-out Matcha, new flavored Matcha, Chai, tea bags and so much more. Supporting coffee-farming communities in Latin America, Chamberlain Coffee works with Food4Farmers to ensure long-term food security for coffee-farming families.

SOURCE Chamberlain Coffee